Advisory Board Co. (ABCO) reported net income for the second quarter of $7.5 million, or $0.21 per diluted share, compared to $5.2 million, or $0.15 per diluted share, for the year-ago quarter.
Adjusted net income for the second quarter increased to $11.4 million, or $0.31 per diluted share, from $9.6 million, or $0.28 per diluted share, in the prior year quarter.
Revenue for the second quarter increased 21.1% to $110.8 million from $91.5 million a year earlier.
Analysts polled by Thomson Reuters expected the company to earn $0.29 per share on revenue of $109.07 million for the second quarter.
The company revised its revenue guidance for calendar year 2012 to a range of $428 million to $432 million, up from a range of $426 million to $432 million. For calendar year 2012, the company continues to expect adjusted earnings per diluted share to be in a range of $1.20 to $1.25.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.